AAK Annual Report 2019

52 The AAK share AAK’s shares have been traded since October 2, 2006 on the NASDAQ OMX, Stockholm, the Nordic List. As from January 2, 2014, AAK shares have been traded in the Large Cap segment in the Consumer Commodities sector. The abbreviation is AAK and the ISIN code is SE0011337708. Turnover and price trend During 2019, 118,0 million (86,1) shares were traded at a total value of SEK 19,585 million (11,437), which corresponds to a turnover rate of 47 percent (34). The average trade per trading day was 472,141 (347,107) shares or SEK 78 million (46). At the year-end, the price was SEK 178.00 (122.70) and AAK’s market value was SEK 45,164 million (31,133). The highest price during the year was SEK 202.10 (August 2) and the lowest price was SEK 120.98 (January 3). Share capital As at December 31, 2019, the share capital of AAK was SEK 422,884,890 (422,884,890). The number of shares was 253,730,934 (253,730,934). The quota value per share was SEK 1.67. Each share entitles the holder to one vote. All shares have equal rights to participate in the profits and assets of the Company. Ownership There were 17,250 (11,820) shareholders as at December 31, 2019. There are shareholders in more than 40 countries, and the total ownership outside of Sweden amounted to 32 percent (31) at year-end. The ten largest individual shareholders accounted for 55 percent of the share capital on the same date. As of 31 December 2019, members of AAK’s Group Executive Management owned a total of 660,400 shares in AAK. Planned dividend policy The Board of Directors has adopted a dividend policy. According to the policy, the objective of the Board of Directors, taking into account the development of Group earnings, its financial position and future development opportunities, is to propose annual dividends equivalent to at least 30–50 percent of the profit for the year, after tax, for the Group. Ordinary dividend The Board of Directors has proposed to postpone the decision on the dividend for the 2019 financial year. For further information, please see page 47. AAK’s Investor Relations work AAK’s aim is for the shares to be valued on the basis of relevant, accurate and up-to-date information. This requires a clear strategy for financial communication, reliable information and regular contact with financial market stakeholders. Contact with the financial markets takes place via presentations in conjunction with quarterly reports and meetings with analysts, investors and journalists at capital market days, seminars and visits to AAK’s divisions. During 2019, a capital market day was held in Aarhus, Denmark and a large number of meetings were held with analysts and other professional operators on site in Malmö, Copenhagen, London and Stockholm. Those interested can obtain presentation material and listen to audio recordings from quarterly presentations at www.aak.com . Analysts ABG Sundal Collier – Fredrik Ivarsson Berenberg Bank – James Targett Carnegie Investment Bank – Kenneth Toll Johansson Danske Bank – Oskar Lindström Exane BNP Paribas – Heidi Vesterinen Handelsbanken – Karri Rinta Nordea Bank – Christer Beckard SEB Enskilda – Carl Mellerby Financial information about AAK is available at www.aak.com , where financial reports, press releases and presentations can be obtained. The Company’s press releases are distributed via Cision and are also available on the Company’s website. The Company management can be contacted as follows: Telephone: +46 (0)40-627 83 00 Email: info@aak.com Shareholder contacts Fredrik Nilsson, CFO Telephone: +46 (0)40-627 83 00 Email: fredrik.nilsson@aak.com